How To Read Channels

[elovemer]

...60 min globex...
... down channel
PS. ftt does not stand for failure to traverse... it stands for flying to trapeze

...thank you for your support...

Quote from bigbear1970:
Great thread! Thanks"

 

[inks2002]

gold channel down to long term support line of channel from Nov.

 

[elovemer]

update on that down channel

 

[elovemer]

ym 15 min
globex

 

[inks2002]

perfect hit on the gold channel, possible entry in red circle? USD breaking down good signal? S and P trying to break 875 for third time and rejected, another good long gold signal? just thoughts.....

 

[inks2002]

possible entry around the 38.2 fib retracement from low of last year

 

[elovemer]

globex hourly

 

[elovemer]

hourly globex

 

[elovemer]

weekly ... previous channel resistance

 

[elovemer]

daily